First Japan, and now China, is getting markets notably the bond world stirred up.

Bonds are the topic du jour, especially after the Bank of Japan got everyone a bit worked up yesterday by trimming its government bond purchases. Then this morning, Bloomberg reported China is considering c

BlackBerry Q3 Earnings: Record Software and Services Revenue

Mid cap mobile device and smartphone stock BlackBerry Ltd (NASDAQ: BB) reported fiscal Q3 2018 earnings before the market opened on Wednesday with shares closing up 11.96%. Revenues were $226 million versus$289 million. There was record software and services revenue of $199 million (non-GAAP) and $190 million (GAAP) which brokethe record set last quarter while approximately 75% of third quarter software and services revenue (excluding IP licensing and professional services) was recurring plus the Companyhad approximately 3,000 enterprise customer orders in the quarter. The GAAP net loss for the quarter was $275 million versus a net loss of $117 million. Total cash, cash equivalents, short-term and long-term investments were approximately $2.5 billion as of November 30, 2017. Executive Chairman and CEO John Chen commented:

“Our momentum continues, with the delivery of a strong third quarter; I am very pleased with our results. Our progress, in both our financial and strategic objectives, is notable. We achieved records in software and services revenue and total company gross margin; breaking the records we set last quarter. We expanded our position in key verticals and geographies, with many new partners and highly competitive customer wins.”

“Our strategy is working and our execution is yielding results. We are a market leader in secure endpoint management and embedded software. The validation we have received, from partners, customers and industry experts around the world, speaks for itself.”

“BlackBerry’s market opportunity is significant and, based on our progress so far in FY18, I am pleased with our near-term outlook and longer-term potential.”

We have had BlackBerry Ltd in our Elite Opportunity Pro (EOP) portfolio off and on in thepast as a potential turnaround trade or as a purely speculative trade on the Companys potential value if broken up. The last time we recommended the stock was at the end of March just asthe stockbegan to take off with shares now breaking outabove a key resistance level:

Finally, here is a quick recap of mid cap BlackBerry Ltds earnings history along with EPS estimate trends from the Yahoo! Finance analyst estimates page going into the current earnings report:

One popular investing strategy is to buy shares of companies that are positioned to rapidly increase their profits. This strategy works because most companies' stocks are valued at a multiple of their earnings, therefore if a company's net income grows, then its stock price should follow suit.

First Japan, and now China, is getting markets notably the bond world stirred up.

Bonds are the topic du jour, especially after the Bank of Japan got everyone a bit worked up yesterday by trimming its government bond purchases. Then this morning, Bloomberg reported China is considering c

The best investments are those where, opposite to popular opinion, one does not have to be the smartest person in the room. The best investments are ones where the odds of success are so far tilted to ones favor that even if so much can be wrong in one thesis, you still end up d

Apple (NASDAQ:AAPL) is expected to launch a trio of new iPhones in September. These new phones are expected to incorporate significant internal enhancements compared to the models that launched last fall, including support for super-fast gigabit LTE download speeds.